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  1. ITV Report

Sheffield Wednesday charged by the EFL with breach of financial rules

Sheffield Wednesday have been charged with breaching English Football League rules around financial fair play over the sale of Hillsborough.

The EFL opened an investigation earlier this year and has now issued "a number of charges" in relation to that investigation.

It is alleged that the club sold Hillsborough to Owls owner Dejphon Chansiri for £60,000,000 in a bid to get round financial play rules. After reviewing the accounts the EFL have charged the club with misconduct.

"The charges are in respect of a number of allegations regarding the process of how and when the stadium was sold and the inclusion of the profits in the 2017-18 accounts." a statement from the league read.

Sheffield Wednesday

The EFL said the charges would now be considered by an independent disciplinary commission, with sanctions possibly including a points penalty.

The club's 2018-19 P&S submission remains under review, the league said.

Wednesday issued a short statement which read:

"Sheffield Wednesday note the statement issued today by the EFL and the charges contained within.

"These charges will be vigorously defended and the club will be making no further comment at this time."